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Ten Workers Work Jointly on a Project

question 28

Multiple Choice

Ten workers work jointly on a project.All 10 workers are equally skilled.The total value of the output produced is $90 times the sum of the number of hours worked by all 10 workers.Each worker's utility is equal to his income minus the square of the number of hours he works.Each worker is selfish.The employers have no way of keeping track of any individual's work effort, so they decide to let each person work as long as he wants to and they divide the total value of the output equally among the workers.How much income will each worker get?

Understand the societal and political impacts of the First World War on various demographics, including women, African Americans, and laborers.

Analyze the effects of the First World War on American foreign policy and international relations, including the Treaty of Versailles and the League of Nations.

Comprehend the economic changes and challenges faced by the United States during and after the First World War, especially in agriculture and industry.

Recognize the significance of major events and policies during the First World War, such as the Balfour Declaration, the Red Scare, and the Palmer Raids.

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